Orientation Programs

question 62

Multiple Choice

Orientation programs:

• A) should not last longer than one day, or they become ineffective
• B) are important to the socialization of a new employee
• C) may actually hasten turnover as a new employee learns more about the organizational culture
• D) are required by the provincial labour departments
• E) are excellent sources of performance evaluation information

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Definitions:

Inventory Cost Formula

The method used to determine the cost of goods sold, such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), or Average Cost method.

Physical Flow

This term refers to the actual movement of goods in and out of a warehouse or production facility.

Fiscal Year

A 12-month period used for calculating annual financial statements in businesses and other organizations, differing from the calendar year.

Specific Identification

An inventory costing method where the cost of each specific item in inventory is identified and assigned to that item.